The typical owner-occupied home in Idaho Falls is worth about $335,500, 20% below the Idaho median of $418,600 and about the same as the national median of $332,700. Owners pay a median $1,956 a year in property taxes, about 0.58% of their home's value, higher than the Idaho rate of 0.49%. The median household earns $73,110 a year, so the median home costs 4.6 times the median income (5.4 times for Idaho). 64% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Idaho Falls at a glance
| Idaho Falls | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $335,500 | $418,600 | $332,700 |
| Median property tax paid per year | $1,956 | $2,038 | $3,119 |
| Property tax as a share of value | 0.58% | 0.49% | 0.94% |
| Median household income | $73,110 | $77,800 | $80,734 |
| Homes lived in by their owners | 64% | 72% | 65% |
| Owner homes with a mortgage | 64% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,570 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 20.7% | 21.0% |
| Median rent | $1,075 | $1,238 | $1,413 |
| Rent as a share of renters' income | 26.9% | 28.7% | 30.6% |
| Median year homes were built | 1977 | 1991 | 1980 |
| Vacant homes | 6.8% | 10.3% | 10.1% |
| Population | 67,725 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Idaho Falls
At this week's average 30-year rate of 7.11%, buying the median Idaho Falls home of $335,500 with 20% down costs about $2,107 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,666, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $90,321 for the 20%-down payment. That payment is 35% of the median Idaho Falls household income of $73,110; at that income and 20% down, the 28% guideline points to a home of about $272,000.
The median rent here is $1,075 a month, so owning the median home costs about $1,032 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,100 |
|---|---|
| Loan amount | $268,400 |
| Principal and interest | $1,806 |
| Property taxes (0.58% a year) | $162 |
| Homeowners insurance (our estimate, 0.5% a year) | $140 |
| PMI | $0 |
| Total per month | $2,107 |
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| Down payment | $11,742 |
|---|---|
| Loan amount | $329,423 |
| Principal and interest | $2,216 |
| Property taxes (0.58% a year) | $162 |
| Homeowners insurance (our estimate, 0.5% a year) | $140 |
| FHA mortgage insurance | $148 |
| Total per month | $2,666 |
Change the numbers in the calculator
Questions about home buying in Idaho Falls
What is the median home value in Idaho Falls?
About $335,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Idaho Falls?
Homeowners pay a median $1,956 a year, which is about 0.58% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Idaho Falls?
For the median home with 20% down at 7.11%, the payment is about $2,107 a month. Keeping that under 28% of gross income takes about $90,321 a year.
More about Idaho Falls
- Mortgage Refinance in Idaho Falls
- Debt Relief in Idaho Falls
- Home Equity Loans in Idaho Falls
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data